The Recession is Underway. People are getting kicked out of their Houses.

Selling Real Estate
Low-income Americans are really struggling in 2023, with a big increase in eviction notices, unpaid rent, and utilities shut-off notices. Put simply – Americans are running out of money and the economic downturn is getting worse. With landlords now doing mass evictions as a result.

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The Federal Reserve better be careful with their rate hike strategy. Because they are tightening economic policy into an economy and housing market in a very precarious position. New data from the BLS shows that job openings have plummeted by 22% YoY. While ZipRecruiter is saying that companies are now beginning to cut wages.

At the same time – the unemployment rate in America is now increasing. WIth CNBC reporting that there was a surprise increase in the unemployment rate in August.

Signals that the economic downturn is likely to get worse. Especially in neighborhoods like the one in this video in Los Angeles. In this area in South Central LA home prices crashed by 50% in the last downturn due. Could home prices here crash by that much again?


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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.

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